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Toyota reports worst annual loss
" Toyota, the world's biggest carmaker, has made its worst annual loss as the global economic downturn has hit demand for its vehicles. The Japanese company said it made a net loss of 436.94bn yen ($4.4bn; £2.9bn) in the year to 31 March, compared with a record profit the...
Nissan closes UK factory for two weeks
Nissan will close its Sunderland factory from Friday for two weeks. This is due to the global financial downturn resulting in lower sales of its Micra and Note models.When it finally opens again it will run...
created by LotusFlower | 1 year ago | updated 1 year ago
920 views | 21 recommendations | 15 comments
920 views | 21 recommendations | 15 comments
Porsche challenges C-charge rise
"Luxury carmaker Porsche is to challenge plans to increase London's congestion charge to £25-a-day for some vehicles. The firm said it intended to ask for a judicial review into the price changes, which come...VW looking for partners in Indonesia, Thailand: report
Frankfurt (ANTAR News) - Volkswagen, the biggest European carmaker, is looking for a new Asian partner and is focusing on Indonesia and Thailand after talks with the Malaysian group Proton broke down, a press report said on Wednesday. The business daily Handelsblatt quoted VW...Russia: Eight dead after bus bomb blast
Russia known for it's Mafia Protectionist rackets with individual crime families controlling their own city block extracting payments from shop keepers. Some say it has grown to include major factories with non...
created by Barry Artiste | 2 years ago | updated 2 years ago
516 views | 0 recommendations | 0 comments
516 views | 0 recommendations | 0 comments
General Motors paralysed by strike
"Disgruntled staff streamed out of General Motors factories across the US yesterday as the country's main car workers' union called a nationwide strike in a protest over healthcare benefits and job security. The...Carmakers target China 'copies'
"BMW and DaimlerChrysler are threatening legal action against a Chinese carmaker they claim is producing copies of some of their models. BMW is said to consider Shuanghuan Automobile's CEO model to be too similar...Russian billionaire Oleg Deripaska buys 5 percent stake in General Motors
"Russian billionaire Oleg Deripaska buys 5 percent stake in General Motors 08.08.2007 Source: URL: http://english.pravda.ru/business/companies/95824-oleg_deripaska_general_motors-0 Oleg Deripaska, the owner of... Ford posts surprise $750m profit
This is the first good news to come out of the US car industry in years...and it's interesting to note that as Ford announces this positive result it also announces it is considering selling some of its other...
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